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LEASES (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of right-of-use assets and right-of-use liabilities
Right-of-use assets and lease liabilities associated with the Company’s operating leases are included in the Consolidated Balance Sheet as of December 31, 2022 and 2021 as follows:
(in millions)20222021
Right-of-use assets included in:
Other non-current assets$221 $247 
Lease liabilities included in:
Accrued and other current liabilities$50 $50 
Other non-current liabilities184 214 
Total lease liabilities$234 $264 
Summary of lease expenses Lease expense for the years 2022, 2021 and 2020 include:
(in millions)202220212020
Operating lease costs$62 $67 $65 
Variable operating lease costs$15 $12 $12 
Summary of other operating lease information
Other information related to operating leases for 2022, 2021 and 2020 is as follows:
(dollars in millions)202220212020
Cash paid from operating cash flows for amounts included in the measurement of lease liabilities$70 $76 $74 
Right-of-use assets obtained in exchange for new operating lease liabilities$28 $46 $39 
Weighted-average remaining lease term6.4 years7.2 years7.6 years
Weighted-average discount rate6.5 %6.1 %6.2 %
Summary of operating lease future payments
As of December 31, 2022, future payments under noncancelable operating leases for each of the five succeeding years ending December 31 and thereafter are as follows:
(in millions)
2023$63 
202449 
202542 
202636 
202734 
Thereafter63 
Total287 
Less: Imputed interest53 
Present value of remaining lease payments234 
Less: Current portion50 
Non-current portion$184